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Underwriter Salary in San Jose, California

Updated 2026-04-05BLS 2024 data — be the first to add a local report

Salary Distribution

BLS 2024
$140,673/ year

Median Underwriter in San Jose, CA

$81,738
10th
$99,680
25th
$140,673
Median
$192,239
75th
$234,532
90th

Compensation Breakdown

BLS 2024
Base salary (median)
$140,673
Total compensation (est.)
$161,774
Bonus range
$2,800 – $12,960
Mean salary
$149,113

How This Compares

San Jose, CA median
$140,673
California median
$80,611+74.5%
National median
$79,030+78.0%

Cost of living in San Jose is 78% above the national average. Salary of $140,673 here is equivalent to $79,030 nationally.

Salary by Experience

0-2 years
$101,285-28.0%
3-5 years
$128,012-9.0%
6-10 years
$157,554+12.0%
10+ years
$194,129+38.0%

Salary by Company Size

Startup (< 100 employees)
$123,792-12.0%
Mid-size (100–5,000)
$140,673
Enterprise (5,000+)
$165,994+18.0%

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Underwriter Salaries in Nearby Cities

Los Angeles, CA$119,335/yr
San Diego, CA$113,803/yr
San Francisco, CA$146,206/yr
Fresno, CA$79,030/yr
Sacramento, CA$79,030/yr

Related Jobs in San Jose

Financial Analyst$176,238/yr
Accountant$142,186/yr
CPA$142,186/yr
Investment Banker$176,238/yr
Financial Advisor$177,252/yr

Quick Numbers

Hourly (40hr week)$68/hr
Monthly gross$11,723/mo
25th percentile$99,680/yr
75th percentile$192,239/yr

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Market Context

via FRED

Fed Funds Rate

Mar 2026

3.64%

Inflation (CPI)

year-over-year

2.4%+0.04

National Unemployment

Mar 2026

4.3%-0.10

California Unemployment

Dec 2025

5.5%-0.10

Avg Hourly Earnings

all private workers

$37.38+$0.09

10yr Treasury

Apr 2026

4.31%

Source: St. Louis Fed (FRED). Updated daily.

Underwriter Salaries by City

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Frequently Asked Questions

What is the average Underwriter salary in San Jose?

The median Underwriter salary in San Jose is $140,673 per year, with a range from $99,680 at the 25th percentile to $192,239 at the 75th percentile. Total compensation including bonuses typically runs higher — see the breakdown above for the full picture.

How does Underwriter pay in San Jose compare to the national average?

Underwriter salaries in San Jose are 78% above the national median of $79,030. After adjusting for San Jose's cost of living, the purchasing power of that salary is equivalent to roughly $79,030 nationally — which is the number that actually matters when comparing offers across cities.

What factors affect Underwriter salaries in San Jose?

In San Jose, the biggest drivers are years of experience, company size, and industry vertical. Entry-level Underwriter roles start around $81,738, while senior and staff-level positions at larger employers can reach $234,532 or above. Specialized skills and in-demand tools can also meaningfully shift where you land in the range.

Is San Jose a good place for Underwriter jobs?

San Jose offers a Underwriter median of $140,673, which is 78% above the US median of $79,030. Whether that makes it a good market depends on your personal cost-of-living equation — San Jose is 78% more expensive than the national average, so factor that into your math.

How do I negotiate a higher Underwriter salary?

Start with the data on this page: the 75th percentile for Underwriter in San Jose is $192,239, which is a defensible anchor for a negotiation. Come in with a specific number backed by real market data — not a range — and reference your experience tier. If you're above the median, ask for the 75th percentile. If you're already at the 75th, push for total comp improvements like equity or bonus instead.